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imported>Doug Williamson |
imported>Doug Williamson |
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| (IRO).
| | ''Correspondent banking''. |
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| An option relating to interest rates.
| | Nostro account. |
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| Historically this was the right but not the obligation to borrow/lend a specified amount at a specified rate for a specified period.
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| More commonly in practice the option is cash-settled based on the difference between the option strike rate and the current market rate.
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| == See also == | | == See also == |
| * [[Interest rate]] | | * [[Correspondent banking]] |
| * [[Interest rate guarantee]] | | * [[Nostro account]] |
| * [[Option]]
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Revision as of 15:20, 21 August 2013
Correspondent banking.
Nostro account.
See also
